Which of the Following Market Structures Will Have Only Normal

question 58

Multiple Choice

Which of the following market structures will have only normal profit in the long run?

• A)Monopoly.
• B)Duopoly.
• C)Monopolistic competition.

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Definitions:

Aversive Punishment

A form of behavior modification that involves presenting an unpleasant stimulus to decrease the likelihood of a behavior's recurrence.

Negative Reinforcement

The removal of an unpleasant stimulus to increase the likelihood of a behavior being repeated.

Electric Shock

A sudden discharge of electricity through a part of the body, which can cause a range of effects from a mild tingling to severe injury or even death.

Positive Reinforcer

A trigger that, when applied post-behavior, augments the likelihood of the recurrence of that behavior.